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Wednesday, 04 April 12
CHURCHILL MINING TO ACCELERATE INTERNATIONAL ARBITRATION AGAINST INDONESIA
 Churchill Mining plc (AIM: CHL), advises that notations on the Indonesian Supreme Court's register of cases shows the Supreme Court has rejected the appeal by Churchill/Ridlatama, according to a statement posted on company's website.
The statement further said,
1. The notations only provide an indication as to what the Supreme Court's decision will be and are not the same as the Supreme Court handing down its decision.
2. Until the Supreme Court hands down its decision there is no binding and enforceable judgment. The 'handing down' is when the Supreme Court provides its written judgment. The Company does not know when this will happen.
The appeal was launched to overturn the decision by the Administrative Tribunal in Samarinda, East Kalimantan in relation to the revocation of the four mining licenses that comprise the East Kutai Coal Project (Churchill 75% interest).
Churchill Mining’s Chairman, David Quinlivan commented, “It’s disappointing to see this notation on the case register. We are determined to continue to seek a legitimate remedy for our shareholders and protect our rights as a foreign investor in Indonesia.”
When further information is available, the Company will provide an update on the Supreme Court's decision and, as appropriate, its steps in relation to the Civil Review of that decision, the statement further said.
International Arbitration under the United Kingdom - Indonesia Bilateral Investment Treaty
Churchill will now look to accelerate the filing of its claim at the International Centre for Settlement of Investment Disputes in Washington D.C. against the Republic of Indonesia. The Company has not received any response to its formal letter sent 22 November, 2011 to the Republic of Indonesia seeking an amicable and commercial resolution.
The letter highlighted that following a significant investment in exploration, Churchill identified a world class thermal coal deposit in East Kalimantan, only to be subjected to a sustained campaign designed to expropriate Churchill’s legitimate rights to develop this deposit.
The Company will now move its attention to preparing and filing a claim against the Republic of Indonesia for direct breaches of Indonesia’s investment laws and Indonesia’s obligations under international investment treaties.
The Company’s solicitors are already well advanced in the claim preparation and expect to file the Request for Arbitration shortly.
Source:Churchill Mining
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Wednesday, 06 June 12
INDONESIAN GOVERNMENT'S DECLARED COAL PRICES CONTINUING ITS DECLINE
COALspot.com - Indonesian HBA fell to lowest level since January 2011 in June 2012. The monthly coal reference price for coal sales this month ...
Monday, 04 June 12
MITRABAHTERA SUBSIDIARY SECURES CONTRACT FROM BERAU COAL - INSIDER STORIES
Insider Stories reported that, PT Mitra Alam Segara Sejati, a subsidiary that is 60% owned by PT Mitrabahtera Segara Sejati Tbk (MBSS), has secur ...
Sunday, 03 June 12
TTI ESTABLISHES COAL TRADING & MARKETING OFFICE
COALspot.com - TTI has officially established its coal trading, marketing-office in Jakarta, Indonesia. PT. Gunung Tinggi Coal is the TTI’s fi ...
Sunday, 03 June 12
FREIGHT MARKET CONTINUING ITS DECLINE
COALspot.com - The BDI continued to fall for the fifth straight week and the BDI fell by 2.57 pct this week closing at 904 points.
The Cape Size ...
Friday, 01 June 12
TNPL HAS SECURED 300K MT OF 6000 GAD COAL AT US$ 81 CNF TUTICORIN
COALspot.com - An India based coal trader Adani has offered the lowest price of US$ 81.00 per metric ton for calorific value of 6000 GAD and 15 perc ...
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- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
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- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Planning Commission, India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
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